Today’s highlight will be the FOMC meeting, where policymakers are considering raising the economic forecast and repeat their pledge to remain accommodative for the foreseeable future.
From a technical perspective, we anticipate that the price will be making an attempt to fully recover the February losses. With this being said, we can witness a new record high, with 14000.0 level strongly on the cards.
The trendline break-out acted as a confirmation for the expected move and any pullback can give a nice trading opportunity.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move